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Colstrip

Learn about the people, housing, costs and businesses in Colstrip, Montana

Median Home$203,980
Median Rent$668/month
Population2,335
Leading IndustriesFinance & Insurance · Information & Media6% finance & insurance
Home Value Growth⬆⬆⬆+23.0% over 2 years
Retirees21% of residentsslightly above average
Homeowners80% of occupied units
NotableAffordable Market$204k median home · lower cost than 83% of the country
Colstrip
MT

Frequently Asked Questions

What are today's mortgage rates in Colstrip?

As of today, the 30-year fixed mortgage rate for Colstrip is approximately 6.959% (7.000% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Colstrip?

The median home value in Colstrip is $204k. The median monthly rent is $668. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colstrip?

Home values in Colstrip have increased 23.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Colstrip?

Based on a typical all-in ownership cost of $688/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colstrip is $77k/year.

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What industries drive the economy in Colstrip?

The largest employment sectors in Colstrip are public administration (24%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.